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Elysee Investment Company Acquires Harlem Package Deal For $9.5M

Property Image
SOLD
$9,500,000
Robert (Rob) Shapiro
Richard Maltz
+ 3

New York

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MultiFamily47,878 SF
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SOLD

Elysee Investment Company Acquires Harlem Package Deal For $9.5M

264 West 115th Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily47,878 SF
Sold
Robert (Rob) Shapiro
Richard Maltz
+ 3
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$198
Total Square Footage:47878 SF
Transaction Type:Sale

A package deal in Harlem consisting of six properties has been sold for a total of $9,500,000. The properties are located at 264, 276, and 278 West 115th Street, as well as 2120, 2122, and 2124 Frederick Douglass Boulevard, with a combined square footage of 47,878. The sale price per square foot is $198.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $9,500,000
  • Market: Harlem

Elysee Investment Company, represented by Avi Dishi, acquired the properties from Yann Geron. The sale was facilitated by brokers from Cushman & Wakefield, including Ian Brooks, Jordan Sutton, Robert Shapiro, and Marquis Campbell. Richard Maltz of Maltz Auctions also played a role in the transaction.

Players

33 deals$246.4M volume(917) 284-1406
BROKER

Jordan Sutton
33 deals$246.4M volume(917) 284-1406
BROKER


Robert (Rob) Shapiro
CBRE
75 deals$843M volume(212) 984-8082
BROKER

Richard Maltz
6 deals$115.8M volume
BROKER

Marquis Campbell
Cushman & Wakefield
1 deal$9.5M volume
BROKER

Avi Dishi
8 deals$255.5M volume
BUYER

Details

SOLD
IMAGE: Jordan Sutton, Ian Brooks, Robert Shapiro, Richard Maltz & Marquis Campbell DATE: 10/14/2021 ADDRESS: 264, 276 & 278 West 115th Street & 2120, 2122 & 2124 Frederick Douglass Boulevard MARKET: Harlem ASSET TYPE: Package Deal BUYER: Elysee Investment Company - Avi Dishi SELLER: Yann Geron Brokers: Cushman & Wakefield - Ian Brooks (@EighteenHundo), Jordan Sutton (@JSutto12), Robert Shapiro (@RMShapiro) & Marquis Campbell; Maltz Auctions: Richard Maltz SALE PRICE: $9,500,000 SF: 47,878 ~ PPSF: $198

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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